Raymond James Financial Inc. Purchases 60,404 Shares of Janus International Group, Inc. $JBI

Raymond James Financial Inc. grew its stake in Janus International Group, Inc. (NYSE:JBI - Free Report) by 6.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 985,195 shares of the company's stock after purchasing an additional 60,404 shares during the quarter. Raymond James Financial Inc. owned about 0.70% of Janus International Group worth $7,093,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Exchange Traded Concepts LLC acquired a new stake in Janus International Group in the first quarter worth $228,000. GAMMA Investing LLC raised its holdings in Janus International Group by 787.5% in the first quarter. GAMMA Investing LLC now owns 17,813 shares of the company's stock worth $128,000 after purchasing an additional 15,806 shares during the period. Invesco Ltd. raised its holdings in Janus International Group by 6.1% in the first quarter. Invesco Ltd. now owns 1,690,739 shares of the company's stock worth $12,173,000 after purchasing an additional 96,851 shares during the period. Group One Trading LLC raised its holdings in shares of Janus International Group by 9,000.0% during the fourth quarter. Group One Trading LLC now owns 9,100 shares of the company's stock worth $67,000 after acquiring an additional 9,000 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Janus International Group by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,735 shares of the company's stock worth $593,000 after acquiring an additional 2,890 shares during the period. Institutional investors and hedge funds own 88.78% of the company's stock.

Wall Street Analysts Forecast Growth

JBI has been the topic of a number of research analyst reports. KeyCorp raised their price objective on shares of Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Wall Street Zen upgraded shares of Janus International Group from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. UBS Group raised their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Finally, Jefferies Financial Group raised their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Janus International Group has an average rating of "Hold" and an average target price of $10.67.

Janus International Group Stock Up 1.6%

Janus International Group stock traded up $0.17 during mid-day trading on Friday, reaching $10.36. The company's stock had a trading volume of 597,059 shares, compared to its average volume of 1,041,456. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 33.40 and a beta of 1.31. Janus International Group, Inc. has a 12 month low of $5.99 and a 12 month high of $10.73. The business's 50 day simple moving average is $9.44 and its 200 day simple moving average is $8.31. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.26 and a current ratio of 2.61.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. The company had revenue of $228.10 million during the quarter, compared to the consensus estimate of $216.99 million. During the same quarter last year, the firm posted $0.21 EPS. The company's quarterly revenue was down 8.2% on a year-over-year basis. Janus International Group has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Janus International Group declared that its Board of Directors has approved a share repurchase plan on Thursday, May 15th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to buy up to 6.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Janus International Group Company Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.